|3D Printing Medical Devices Market to grow by USD 3.96 billion from 2022-2027, North America to account for 39% of market growth - Technavio|
|By: PR Newswire Association LLC. - 19 Sep 2023||Back to overview list
NEW YORK, Sept. 19, 2023 /PRNewswire/ -- The 3D printing medical devices market size is expected to grow by USD 3.96 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of almost 18.81% during the forecast period, according to Technavio Research. The market is segmented by Application (Orthopedic and spinal, Dental, Hearing aids, and Others), End-user (Hospitals and clinics, Academic institutes, Pharma and biotech companies, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America will contribute 39% to the growth of the global market during the forecast period. Factors like better healthcare infrastructure, increased adoption of 3D printing medical devices in healthcare facilities, and the presence of prominent market players in the region drive the regional 3D printing medical devices market. There is an increasing promotion of several professional societies in this region supporting the use of 3D printing technologies for medical applications. For instance, the Society for Manufacturing Engineers has a dedicated medical 3D printing workgroup. Hence, such factors drive the growth of the 3D printing medical devices market during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read FREE PDF Sample Report
3D Systems Corp., Anatomics Pty Ltd., Autodesk Inc., Biomerics LLC, Boston Scientific Corp., Desktop Metal Inc., EOS GmbH, Formlabs Inc., General Electric Co., Groupe Gorge, INTAMSYS TECHNOLOGY CO. LTD., MATERIALISE NV, Mecuris GmbH, Medtronic Plc, Organovo Holdings Inc., Qualtech Consulting Corp., Renishaw Plc, Schultheiss GmbH, SLM Solutions Group AG, Stratasys Ltd.
3D Systems Corp: The company offers 3D printing medical devices such as ProJet 360, ProJet 460 Plus, ProJet 5500X, and ProJet 3500 HDMax.
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3D Printing Medical Devices Market: Segmentation Analysis
By Segment - The orthopedic and spinal segment is significant during the forecast period. This segment enables the manufacturing of lattice structures that significantly enhance the healing process following the implant in the body. Furthermore, the key material which is used for the production of 3D-printed orthopedic implants is titanium. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio
3D Printing Medical Devices Market: Driver & Trend:
The rising cost efficiency and enhanced productivity drive the 3D printing medical devices market. Cost efficiency, productivity, and capabilities are some of the main advantages of 3D printing over traditional manufacturing processes. This printing technology offers increased design flexibility and potential improvements in function and is cost-efficient as it wastes less raw materials and may minimize processing costs as it avoids waste and extraction costs. It enables the generation of customized implants or prosthetics by leveraging this technology. This includes those which are utilized for spinal, dental, or craniofacial disorders in a cost-effective manner. Hence, such factors drive the 3D printing medical devices market during the forecast period.
The 3D printing materials market size is estimated to grow at a CAGR of 22.51% between 2022 and 2027. The market size is forecast to increase by USD 3,786.41 million. This 3D printing materials market report extensively covers market segmentation by material (thermoplastic polymer, metal powder, photopolymer, and others), end-user (aerospace and defense, healthcare, automotive, consumer goods, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Low wastage of cartridges in additive printing is the key driver for the growth of the market.
The 3D imaging market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027. The market size is forecast to increase by USD 37.48 billion. This 3D imaging market report extensively covers market segmentation by end-user (large enterprise and SMEs), application (healthcare, industrial, media and entertainment, defense, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Increasing product launches is the major factor driving the market growth.
What are the key data covered in this 3D printing medical devices market report?
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
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